Beekay Steel Industries Ltd (ISIN: INE213D01015) has initiated a postal ballot process to seek shareholder approval for two significant board appointments, signaling a strategic move to strengthen its leadership team.

Key Appointments

1. Whole-time Director (Operation):

   • Name: Lokanath Sahu
   • Proposed Term: 5 years
   • Effective Date: November 12, 2025
   • Remuneration: Rs 2,94,320 per month

2. Independent Director:

   • Name: Binod Kumar Tulsyan
   • Proposed Term: 5 years
   • Effective Date: November 12, 2025

Postal Ballot Details

Company Financial Overview

To provide context for these appointments, let's look at Beekay Steel Industries' recent financial performance:

The company has shown significant growth in its asset base and shareholder capital over the past year, indicating a period of expansion and financial strengthening.

Strategic Implications

1. Operational Expertise: The appointment of Lokanath Sahu as Whole-time Director (Operation) suggests a focus on enhancing operational efficiency, potentially leveraging his specialized expertise in DRI operations.

2. Corporate Governance: Bringing in Binod Kumar Tulsyan as an Independent Director aligns with best practices in corporate governance, potentially bringing fresh perspectives and independent oversight to the board.

3. Growth Strategy: These appointments, coupled with the company's financial growth, indicate a strategic move towards strengthening both operational capabilities and board oversight as Beekay Steel Industries positions itself for future growth.

Shareholders are encouraged to participate in the e-voting process to have their say in these crucial appointments that could shape the company's future direction and performance.

Note: All financial figures are based on the standalone financial statements as of March 2025.

Beekay Steel Industries Limited , a prominent player in the steel and allied products manufacturing sector, has announced its unaudited financial results for the quarter and half-year ended September 30, 2025, along with key board appointments.

Financial Performance

The company reported a robust financial performance for the half-year period:

This strong profit performance demonstrates the company's resilience and operational efficiency in the challenging steel industry landscape.

Revenue and Operations

For the quarter ended September 30, 2025, Beekay Steel Industries reported:

The company's primary business activities include manufacturing of steel and allied products such as sponge iron, TMT and long products, specialty alloys, and power generation.

Board Appointments

The Board of Directors has approved two key appointments, subject to shareholder approval through postal ballot:

1. Mr. Lokanath Sahu (DIN: 11376365) has been appointed as Whole Time Director (Operation) for a term of 5 years, effective from November 12, 2025. Mr. Sahu brings over 22 years of professional experience in DRI operations within integrated iron and steel plants.

2. Mr. Binod Kumar Tulsyan (DIN: 09025810) has been appointed as an Independent Director for a 5-year term, also effective from November 12, 2025. Mr. Tulsyan, a B.Com graduate from Calcutta University, has extensive experience in purchase management and marketing, along with a background in trading and broking of yarn and fabrics.

Financial Position

As of September 30, 2025, the company's consolidated financial position shows:

Beekay Steel Industries continues to navigate the dynamic steel industry landscape, leveraging its diverse product portfolio and operational expertise. The company's focus on steel and allied products manufacturing, including specialty alloys and power generation, positions it well in the market.